Slide 1: FY25 Results
Secure. Sustainable. Scalable. FY25 Results 27 August 2025 Secure. Sustainable. Scalable. 1 spirit.com.au
Slide 2: Spirit Group: Solid FY25 Performance
Spirit Group: Solid FY25 Performance Highlights: uEBITDA Breakdown by Fiscal Year CAGR: 46.3% $11.0M • uEBITDA* of $11.0m versus $1.7m in the pcp 10 • Revenue* of $102.4m versus $90.9m in the pcp • Cyber Security revenue up 58% to $29.5m with 23% (FY24: 8 $7.1M 18%) uEBITDA margin uEBITDA ($M) • Sec
Slide 3: FY25 Results: Guidance Achieved
FY25 Results: Guidance Achieved Consolidated Financials Year Ending 30 June 2025 $ in 000’s FY25 FY24 Change • During the year, the Company undertook a further (Restated) detailed review of its application of principal vs agent Pre-restatement turnover* 147,387 125,847 21,540 pursuant to AASB 15 Rev
Slide 4: Segment Performance
Segment Performance Segment Reporting FY25 $ in 000’s Cyber Security Secure Managed Cloud and Corporate Total Technology Communications Revenue 29,465 29,154 44,057 (282) 102,394 Underlying EBITDA* 6,758 332 7,667 (3,739) 11,018 Depreciation and amortisation expense (exc. (714) (718) (739) - (2,171)
Slide 5: Business Segment Performance Highlights
Business Segment Performance Highlights Cyber Security Secure Managed Technology Cloud and Communications • Full year contribution of Infotrust (FY24 three months’ • Spirit’s managed services include designing, configuring, • Ongoing segment investment to facilitate growth opportunities contribution
Slide 6: Spirit's Cyber Capabilities
Spirit's Cyber Capabilities Spirit: Secure Managed Nexgen: Cloud and Cyber Security Technology Communications Secure Meetings and Secure Networks Communications Infotrust: Cyber Forensic IT: DFIR Current Financial Reporting: Cyber Segment Professional Secure Infrastructure Incident Response Services
Slide 7: Cyber Security Contribution Accelerating
Cyber Security Contribution Accelerating uEBITDA* contribution by division Cyber Security grows from 12% in FY23 of the business to 46% of the business in FY25, positioning the Spirit Group to further benefit from strong structural industry tailwinds. *Analysis excludes the Corporate segment. Refer
Slide 8: Balance Sheet Net Debt
Balance Sheet Net Debt $ in 000’s 30 June 30 June $ in 000’s 30 June 30 June 2025 2024 2025 2024 Current assets 31,960 38,597 Bank Borrowings Total non-current assets 140,724 132,819 Current 510 1,020 Total assets 172,684 171,416 Non-current 26,470 26,980 26,980 28,000 Current liabilities 37,595 57,
Slide 9: FY26 Outlook
FY26 Outlook o Improved profitability expected in uEBITDA in FY26 ▪ Cyber Security set to be the largest earnings contributor in FY26 ▪ Margin accretion opportunities from Cyber Security’s expanded offerings and scale ▪ Positive earnings contributions expected from all segments, including accelerate
Slide 10: Growth Pillars
Growth Pillars Infotrust and Forensic IT acquisitions accelerate Spirit’s strategy, building a platform to lead in cyber security, secure digital workplaces and communications. 1 Customer Growth 2 Partnerships 3 Expanded Offerings 4 Inorganic Growth Cross-selling and up-selling Strengthen enterprise
Slide 11: Investment Highlights
Investment Highlights National footprint and Strong market tailwinds Driving both organic and Experienced Board and Streamlined and refocused comprehensive SOC and across Spirit’s core markets acquisition-led growth executive team with deep solutions portfolio, with all incident response of cyber se
Slide 12: Appendix
Appendix Secure. Sustainable. Scalable. 12 spirit.com.au
Slide 13: Board of Directors
Board of Directors Shan Kanji Russell Baskerville Julian Challingsworth Chairman Deputy Chairman Managing Director & CEO Our Board has extensive experience leading some of the most successful technology companies in Australia. Lynn Warneke Dane Meah Simon McKay Non-Executive Director Non-Executive D
Slide 14: Executive Team
Executive Team Julian Challingsworth Managing Director & CEO Paul Miller Chief Financial Officer Emma Christie Chief People Officer Nathan Knox Chief Operating Officer Nick Hornstein General Counsel and Company Secretary Our executive team has extensive experience across Cyber Security, Secure Manag
Slide 15: Our Values, Our Vision, Our Mission
Our Values Our Vision Customer Experience We partner with our customers to create value. To create and be part of a thriving and resilient Australian economy, community and environment Excellence through improved use of advanced technology. We challenge how we empower, collaborate and communicate to
Slide 16: Financial Notes
Financial Notes Change in Accounting Policy During the financial year, the Group undertook a further review of its application of principal vs agent pursuant to AASB 15 Revenue from contracts with customers in regard to certain product revenue streams. This review resulted in a change to the Group’s
Slide 17: Disclaimer
Disclaimer General This presentation (“Presentation”) has been prepared by Spirit Technology Solutions Ltd (“Spirit”). It is an overview only and does not contain all information necessary for investment decisions. Investors should rely on their own investigations and seek advice from their legal, b